1964 AHSME Problems/Problem 9
Problem
A jobber buys an article at less . He then wishes to sell the article at a gain of of his cost after allowing a discount on his marked price. At what price, in dollars, should the article be marked?
Solution
The item is bought for minus of . Since , the item was purchased for , or .
He wants to make of the purchase price, or . This means the price must actually sell for .
If the article were marked for dollars, then after the discount, it would sell for . Thus, we have , which leads to , or dollars. The correct answer is
See Also
1964 AHSC (Problems • Answer Key • Resources) | ||
Preceded by Problem 8 |
Followed by Problem 10 | |
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